Zurcher Kantonalbank Zurich Cantonalbank Acquires 145,836 Shares of Invitation Homes Inc. (NYSE:INVH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 49.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,185 shares of the company’s stock after purchasing an additional 145,836 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Invitation Homes were worth $14,137,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC raised its stake in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC raised its stake in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP raised its stake in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares during the period. Finally, Assetmark Inc. raised its stake in Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after acquiring an additional 1,232 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Down 2.3 %

Shares of INVH opened at $33.10 on Thursday. The firm has a market cap of $20.28 billion, a P/E ratio of 46.62, a P/E/G ratio of 4.70 and a beta of 1.03. The stock has a 50 day simple moving average of $31.78 and a two-hundred day simple moving average of $33.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. On average, analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.50%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is presently 158.90%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INVH. Barclays restated an “overweight” rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.59.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.